Wife or whore?The laws of microeconomics can be applied to a lot areas.
The choice is that simple. At least according to economists Lena Edlund and Evelyn Korn, it is.
The two well-respected economists created a minor stir in academic circles a few years back when they published "A Theory of Prostitution" in the Journal of Political Economy. The paper was remarkable not only for being accepted by a major journal but also because it considered wives and whores as economic "goods" that can be substituted for each other. Men buy, women sell.
Friday, February 17, 2006
The Economics Of Prostitution
Forbes reports:
